The 'Goods and Services Tax' on intra-state supply comprises: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on intra-state supply comprises:

A. IGST

B. SGST only

C. CGST only

D. CGST and SGST/UTGST

Answer: Option D

Solution (By JKSSB Mock Tests)

Intra-state supplies attract both CGST and SGST/UTGST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Tendulkar Committee' was constituted in which year?

A. 2005

B. 2000

C. 2013

D. 2009

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Correct Answer: Option A

Explanation:
The Tendulkar Committee was constituted in 2005.

This question belongs to: Economy GK Economy Set 1

Question #2

In India, the estimate of National Income is usually expressed as:

A. GNP at market prices

B. GDP at factor cost

C. NNP at factor cost

D. GDP at market prices

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Correct Answer: Option C

Explanation:
National Income is conventionally defined as Net National Product at factor cost.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'World Development Report' is published by:

A. WTO

B. IMF

C. UNCTAD

D. World Bank

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Correct Answer: Option D

Explanation:
The World Development Report is published by the World Bank.

This question belongs to: Economy GK Economy Set 1

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